Total liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2011
Dear Expert,
How to calculate Total Liability of the company.
Thanks in advance......
How to calculate Total Liability of the company.
Thanks in advance......
04 November 2011
Determine stockholders' equity. Equity is calculated by summing the shareholders' investment and retained earnings from net income. Both can be found on the balance sheet. Retained earnings are earnings that are not distributed to shareholders. If a company does not show stockholders' equity, use retained earnings
Calculate total liabilities. Liabilities are calculated by subtracting equity from assets. The calculation is RS.10, 000 – RS.2, 000 = RS 8,000. This means that RS.8, 000 of assets are paid for with liabilities or debts to the company.
PLEASE ADD ALSO IN POINT NO.FIRST
Determine company assets. These are all things the company deems valuable and include both current and non-current assets.
Current assets (short-term) are assets that are convertible into cash within one year; and, non-current assets (long-term) are assets of a more permanent nature. Assets are usually the first section on the balance sheet.
Calculate total liabilities. Liabilities are calculated by subtracting equity from assets. The calculation is RS.10, 000 – RS.2, 000 = RS 8,000. This means that RS.8, 000 of assets are paid for with liabilities or debts to the company.
PLEASE ADD ALSO IN POINT NO.FIRST
Determine company assets. These are all things the company deems valuable and include both current and non-current assets.
Current assets (short-term) are assets that are convertible into cash within one year; and, non-current assets (long-term) are assets of a more permanent nature. Assets are usually the first section on the balance sheet.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
